Bima Labs raised $2.25M in Seed funding led by Portal Ventures to develop Bitcoin-backed stablecoins.
Jul 17, 2024•about 1 year ago
Amount Raised
$2.25 Million
Investors
SmokeyJeffrey FengPaul KimBrian CrainPaul TaylorRyan FangDomoCore DaoHalo CapitalDelta Blockchain FundLuxor TechnologySats VenturesDraper Goren BlockchainPortal Ventures
Description
Bima Labs, a San Mateo, CA-based developer of Bitcoin-backed stablecoins, raised $2.25M in Seed funding. The round was led by Portal Ventures, with participation from various other investors. The company intends to use the funds to expand operations and development efforts.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers